Egypt's stock market DROPS 10%

On its first day of trading following the surprise Thursday evening announcement that President Morsi would expand his power in significant ways, raising the specter that the Democratic revolution that ousted Mubarak could go be set back, Egypt's stock market got destroyed by nearly 10% (HT: AP).

'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

We will see something like this happen in the US soon I would imagine.

You don't think that we're recovering from having already gone through that, I guess?

* Enforce Border Security – America should be guarding her own borders and enforcing her own laws instead of policing the world and implementing UN mandates.

* No Amnesty - The Obama Administration’s endorsement of so-called “Comprehensive Immigration Reform,” granting amnesty to millions of illegal immigrants, will only encourage more law-breaking.

* Abolish the Welfare State – Taxpayers cannot continue to pay the high costs to sustain this powerful incentive for illegal immigration. As Milton Friedman famously said, you can’t have open borders and a welfare state.

* End Birthright Citizenship – As long as illegal immigrants know their children born here will be granted U.S. citizenship, we’ll never be able to control our immigration problem.

I concur, I just read an article regarding the TRILLION dollar student loan debt burdening many. Some will NEVER be able to repay. Sounds much like our national debt. I have no idea what impact this will have for the future. I do know that much of peoples disposable income will be eaten by this debt, thus less likely to consumer/use services. Have to wait and see.

Anyone else have study's on this for reference?

But, back to Egypt...wonder if some rich OPEC nation will back them up?...only 10%.